Just a quick note that I’ll be flying down to Orlando tomorrow for the Money Show. If you’ll be there, I hope to meet you in person on Thursday or Friday!
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Nilus,
I’m sorry that I’m going to miss you in Orlando. I was just reading your “Thoughts on Obama’s New Retirement Initiatives” and was wondering WHY you think the govn’t wants to address retirement/401k funds. Could it be a way for them to “control/force” one’s investments in … let’s say ….. government treasuries? Thoughts?
Nilus Mattive Reply:
February 4th, 2010 at 8:47 AM
Hi, Anthony. I never rule anything out! But in this case, I think it’s driven by good intentions. Unfortunately, the constant battle for re-election and political power means folks in Washington will never be able to make the the truly hard decisions our country needs right now. And there’s no doubt that some of them don’t even grasp the severity of the situation.
The end result is that we get minor “tweaks” (which typically further complicate or harm the the system) and the same old game of “kick the can down the line.”
As the saying goes, “A camel is a horse designed by committee.”